RE:Potential Wouldn't necessarily say the FID announcement on Cedar LNG is going to boost share prices. Usually the market shys away from large capital investments especially when there's a long build out for the project, risk of inflation on build materials, project cost overruns, endless permitting hurdles, etc.
With that said with PPL partnering with First Nations they have strategically reduced the risk of protest and government permitting issues etc. And they don't have to shoulder the entire cost of the new plant.
I'm more excited about the short term smaller incremental expansions (phase 8 peace pipeline and Redwater complex) along with the reactivation of Nipisi and all the other incremental tie-ins. Very happy with this investment.
As I've stated before I think they need to stay away from Transmountain unless the financing makes sense... like basically the government gives it away or includes loan guarantees etc.
The overruns on that project plus the current interest rates just doesn't support a 30B + pipeline... especially with all those psychotic hypocritical tree hugging protesters that are likely to harass the crude carrying ships as they boat around in their gas powered motorboats preaching about saving the whales while the earsplitting roar from their own motorboat engines drives the animals away.. yeah you get the idea.